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EMIRA PROPERTY FUND LIMITED - Acceptance by directors of shares awarded

Release Date: 21/12/2017 14:09
Code(s): EMI     PDF:  
Wrap Text
Acceptance by directors of shares awarded

EMIRA PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
(Registration number 2014/130842/06)
JSE share code: EMI     ISIN: ZAE000203063
(Approved as a REIT by the JSE)
(“Emira” or “the Company”)


ACCEPTANCE BY DIRECTORS OF SHARES AWARDED

In compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited, the following
information is disclosed in respect of the acceptance by directors of the Company of shares awarded
in terms of the Emira Forfeitable Share Plan (“Emira FSP”):


Name of director:                      G Jennett
Date of acceptance:                    21 December 2017
Number of shares accepted:             147 900
Issue price:                           Rnil (Free of charge)
Notional value of transaction (based   R1 998 129.00
on an implied price of R13.51 per
share, being the closing price on 20
December 2017):
Nature of transaction:                 Off-market acceptance of shares awarded in terms of the
                                       Emira FSP, which shares will vest on the satisfaction of
                                       certain conditions as set out in the Emira FSP
Vesting dates:                         The shares will vest in equal tranches on 15 October 2020,
                                       15 October 2021 and 15 October 2022, respectively
Class of securities:                   Ordinary shares
Type of interest:                      Direct beneficial
Clearance to deal obtained:            Yes


Name of director:                      G Booyens
Date of acceptance:                    21 December 2017
Number of shares accepted:             114 100
Issue price:                           Rnil (Free of charge)
Notional value of transaction (based   R1 541 491.00
on an implied price of R13.51 per
share, being the closing price on 20
December 2017):
Nature of transaction:                 Off-market acceptance of shares awarded in terms of the
                                       Emira FSP, which shares will vest on the satisfaction of
                                       certain conditions as set out in the Emira FSP
Vesting dates:                         The shares will vest in equal tranches on 15 October 2020,
                                       15 October 2021 and 15 October 2022, respectively
Class of securities:                   Ordinary shares
Type of interest:                      Direct beneficial
Clearance to deal obtained:            Yes


Name of director:                      U van Biljon
Date of acceptance:                    21 December 2017
Number of shares accepted:             124 800
Issue price:                           Rnil (Free of charge)
Notional value of transaction (based   R1 686 048.00
on an implied price of R13.51 per
share, being the closing price on 20
December 2017):
Nature of transaction:                 Off-market acceptance of shares awarded in terms of the
                                       Emira FSP, which shares will vest on the satisfaction of
                                       certain conditions as set out in the Emira FSP
Vesting dates:                         The shares will vest in equal tranches on 15 October 2020,
                                       15 October 2021 and 15 October 2022, respectively
Class of securities:                   Ordinary shares
Type of interest:                      Direct beneficial
Clearance to deal obtained:            Yes


Bryanston
21 December 2017


Sponsor
Rand Merchant Bank (A division of First Rand Bank Limited)

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